High Purity Gas Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Global Ultra High Purity Gas Market Revenue and it is segmented by Product Type (High-Purity Atmospheric Gases, Noble Gases, Carbon Gases, and Other Product Types), Application (Insulation, Lighting, Coolant, and Other Applications), End-user Industry (Electronics, Metal Production, Chemicals, Energy and Power, Medical and Healthcare, Food and Beverages, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

High Purity Gas Market Size

High Purity Gas Ultra-high Purity Gas Pure Gas Market Size
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Study Period 2018 - 2028
Base Year For Estimation 2022
Forecast Data Period 2023 - 2028
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

High Purity Gas Ultra-high Purity Gas Pure Gas Market Key Players

*Disclaimer: Major Players sorted in no particular order

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High Purity Gas Market Analysis

The global high purity gas/ultra-high purity gas/pure gas market is expected to grow with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is increasing demand from the electronics Industry. However, the high cost of Indium Tin Oxide is hindering the growth of the market studied.

  • Rising demand for solar PV production is another major driver for the market studied
  • Asia-Pacific is expected to account for the highest growth rate during the forecast period.
  • Among the product types, the noble gas product type is likely to account for the highest market share during the forecast period.

High Purity Gas Market Trends

This section covers the major market trends shaping the High Purity Gas Market according to our research experts:

Noble Gas Product Type to Dominate the Market

  • Currently, the noble gas product type has contributed to the highest to the market share in the high purity gas/ultra high purity gas/pure gas market.
  • A noble gas, such as helium, argon, and krypton are used for a wide range of applications in the insulation and lighting applications.
  • Helium is used for cryogenic rocket propellants in space and missile applications, metal production and nuclear reactors. It is also used in welding, lifting gas in balloons and fluorescent lamps and electronic tubes.
  • Hence, owing to the growing demand from end-user industries, noble gas product type is likely to dominate the market studied during the forecast period.
High Purity Gas Ultra-high Purity Gas Pure Gas Market Share

Asia-Pacific to Witness the Highest Growth Rate

  • The Asia-Pacific region is the most attractive market for high purity gases owing to the mass production of electronics devices in China and India.
  • The growth of this region is supplemented by the government policies to increase semiconductor production in the region.
  • For instance, the Chinese government is aiming to rise up major investments in domestic chip companies to build a world-class semiconductor industry, which is likely to propel the growth of the market studied during the forecast period.
  • Additionally, there has been increasing demand for high purity gas from the southeast Asain countries in the recent past for usage in industries like electronics, chemicals, energy& power, etc..
  • Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest growth rate during the forecast period.
High Purity Gas Ultra-high Purity Gas Pure Gas Market Growth

High Purity Gas Industry Overview

The global high purity gas/ultra-high purity gas/pure gas market is moderately fragmented as the market share is divided among many players. Some of the key players in the market include Advanced Specialty Gases, Airgas, Inc., Messer Group, Linde plc, and Air Products and Chemicals, Inc, among others.

High Purity Gas Market Leaders

  1. Advanced Specialty Gases

  2. Airgas, Inc.

  3. Air Products and Chemicals

  4. Linde plc

*Disclaimer: Major Players sorted in no particular order

 Advanced Specialty Gases, Airgas, Inc., Messer Group, Linde plc, and Air Products and Chemicals, Inc

High Purity Gas Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from Electronics Industry

      2. 4.1.2 Rising Demand for Solar PV Production

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Indium Tin Oxide

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 High-Purity Atmospheric Gases

      2. 5.1.2 Noble Gases

      3. 5.1.3 Carbon Gases

      4. 5.1.4 Other Product Types

    2. 5.2 Application

      1. 5.2.1 Insulation

      2. 5.2.2 Lighting

      3. 5.2.3 Coolant

      4. 5.2.4 Other Applications

    3. 5.3 End-user Industry

      1. 5.3.1 Electronics

      2. 5.3.2 Metal Production

      3. 5.3.3 Chemicals

      4. 5.3.4 Energy and Power

      5. 5.3.5 Medical and Healthcare

      6. 5.3.6 Food and Beverages

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 ASEAN Countries

        6. 5.4.1.6 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 Italy

        4. 5.4.3.4 France

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Specialty Gases

      2. 6.4.2 Airgas, Inc.

      3. 6.4.3 Air Liquide

      4. 6.4.4 Air Products and Chemicals, Inc

      5. 6.4.5 American Welding & Gas

      6. 6.4.6 Iwatani Corporation

      7. 6.4.7 Matheson Tri-Gas, Inc.

      8. 6.4.8 Messer Group

      9. 6.4.9 OSAKA GAS LIQUID Co., Ltd.

      10. 6.4.10 Linde plc

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

High Purity Gas Industry Segmentation

The high purity gas/ultra-high purity gas/pure gas market report includes:

Product Type
High-Purity Atmospheric Gases
Noble Gases
Carbon Gases
Other Product Types
Application
Insulation
Lighting
Coolant
Other Applications
End-user Industry
Electronics
Metal Production
Chemicals
Energy and Power
Medical and Healthcare
Food and Beverages
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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High Purity Gas Market Research FAQs

The High Purity Gas/Ultra-high Purity Gas/Pure Gas Market is projected to register a CAGR of greater than 6% during the forecast period (2023-2028).

Advanced Specialty Gases, Airgas, Inc., Air Products and Chemicals and Linde plc are the major companies operating in the High Purity Gas/Ultra-high Purity Gas/Pure Gas Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the High Purity Gas/Ultra-high Purity Gas/Pure Gas Market.

Ultra-High Purity Gas Industry Report

Statistics for the 2023 Ultra-High Purity Gas market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ultra-High Purity Gas analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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